Asia-Pac Govt Bond Yields Edge Lower; All Eyes on Jackson Hole

0334 GMT [Dow Jones] Most Asia Pacific government bonds yields edge lower Tuesday, as U.S. treasurys yields fell back within recent ranges as the initial fear that Fed Vice Chairman Stanley Fischer had endorsed a hawkish outlook for Fed policy has dissipated further. Yields on 10-year debt of Australia fell 5.2 basis points bidding at 1.91%. Yields on 10-year debt of Hong Kong, Singapore and Thailand all dropped by more than 3 basis points, according to Thomson Reuters. Yields fall as bond prices rise. “We retain the view that the fear of a more hawkish Fed will prove unfounded, which will in turn allow EM duration and FX room to extend recent rallies,” says Citi. The annual Jackson Hole symposium will be the market focus this week. Fed Chairwoman Janet Yellen is scheduled to speak from Jackson Hole on Friday.